According to the new market research report "Touch Probe Market by Type (3D, 2D, Tool-length Measuring, Tool Touch-off), Transmission (Optical, Radio, Hard-wired), Application (CNC Machining, CNC Turning, Others), Offering, Industry, and Region - Global Forecast to 2025", the touch probe market is estimated to reach USD 736 million by 2025 from USD 606 million in 2020 at a CAGR of 4.0%. The market growth is fueled by robust features of touch probe, aiding in the measurement of 3D part geometries, a rise in industry safety standards, and increasing automation in automotive manufacturing.
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“3D touch probe to hold largest size of touch probe market from 2020 to 2025.”
A 3D touch probe is used to scan an object in three dimensions—length, breadth, and height. The 3D touch probe scans the object systematically at many points to create a mesh of 3D points. It is majorly used in CNC machining applications for verifying the accuracy of the workpiece. The growing demand in the aerospace & defense industry for the manufacturing of components of an aircraft is fueling the demand for automated CNC machining and CMM machines. The application of touch probes in CNC machining is thus expected to be driven by the growing demand for the aerospace & defense industry.
“APAC to be fastest-growing market for touch probes during forecast period”
The touch probe market in APAC is expected to grow at the highest CAGR during 2020—2025. China and South Korea are the major markets for touch probes. Countries in APAC such as China, Japan, and South Korea are home to major automotive manufacturers and suppliers. The demand for automated equipment such as CNC machining in the automotive industry is on the rise. Furthermore, the market of medical devices in the APAC region is in the growth stage. Established medical device providers, as well as new manufacturers in APAC, are constantly trying to innovate and reduce the cost of production. These factors are driving the demand for CNC machining centers in the APAC region and thus drive the market of touch probe in this region in the next few years.
Major players involved in the touch probe market include Renishaw (UK), Hexagon (Sweden), DR. Johannes Heidenhain (Germany), Blum-Novotest (Germany), Tormach (Australia), Metrol (Japan), Marposs (Italy), Carl Zeiss (Germany), P-Tech Industries (India), and J&M Precision Products (US).
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Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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